Kuponfizetések

Kuponfizetések, often translated as coupon payments, refer to the periodic interest payments made by the issuer of a bond to the bondholder. These payments are a fundamental characteristic of most fixed-income securities. The term "kupon" itself originates from the physical coupons that were once attached to paper bonds. When a bondholder presented a coupon, they would receive the corresponding interest payment.

The frequency of kuponfizetések varies depending on the bond's terms. Common frequencies include semi-annual (twice a year) and annual (once a year) payments. The amount of each kuponfizetés is determined by the bond's coupon rate and its face value. The coupon rate is the annual interest rate that the bond pays, expressed as a percentage of the face value. For instance, a bond with a face value of 1,000 and a 5% coupon rate would pay 50 in interest annually. If the payments are semi-annual, each payment would be 25.

Kuponfizetések are crucial for investors as they provide a steady stream of income from their investment. The predictability of these payments is a key reason why bonds are often considered a safer investment compared to stocks. The absence or modification of kuponfizetések can significantly impact a bond's value and its appeal to investors. Some bonds, known as zero-coupon bonds, do not make periodic interest payments; instead, they are sold at a discount to their face value, and the investor's return comes from the difference between the purchase price and the face value received at maturity.